Economy
Fuel drives sharp YoY rise of 25.3 pct in Mar trade deficit
Greece’s trade deficit rose significantly by 25.3 percent year-on-year (YoY) in March, after a sharp drop of 18.3 percent in February, according to data released by ELSTAT on Thursday.
Piraeus Bank profit at 284 mln in Q1, commissions income up to 160 mln
Piraeus Bank posted a net profit of 284 million euros in Q1 2025, from 233 million euros in Q1 2024.
Fiscal data impressive but details suggest caution still required
The state of Greece’s public finances took prominence in the public debate when Eurostat and ELSTAT published the official data for the 2021 to 2024 period, with Greece presenting a sizable primary surplus of 11.4 billion euros, or 4.8 pct of GDP, while the general government budget was in a total surplus of 3.18 billion euros, or 1.3 pct of GDP.
Solid conditions in manufacturing continue with PMI at 53.2 in April
Greece’s Manufacturing PMI saw a solid rise in April, when it reached 53.2 points from 55 points in the previous month, according to S&P Global data released on Friday.
Producer prices pick up pace by 2.1 pct YoY in Mar
Greece’s Producer Price Index (PPI) accelerated further in March, with a rise of 2.1 percent year-on-year (YoY), after an increase of 0.6 percent in February, ELSTAT data showed on Wednesday.
Retail sales growth accelerates to 5.2 pct YoY in Feb
Greece’s retail sales picked up pace with growth of 5.2 percent year-on-year (YoY) in February, after a rise of 3.1 percent in January, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Unemployment rate edges up marginally to 9 pct in Mar
Greece’s seasonally adjusted (SA) unemployment rate edged up slightly to 9 percent in March, from 8.6 percent in the previous month, Hellenic Statistical Authority (ELSTAT) data showed on Wednesday.
Corporations lead deposit growth in Mar as total nears 200 bln
The contraction in the Greek banking system’s private sector deposits reversed in March, with a net increase of 2.41 billion euros, after a 1.7-billion-euro decline in February, according to the latest Bank of Greece (BoG) figures released on Tuesday.
Credit growth stays strong at 10.3 pct YoY in Mar due to corporate lending
The credit expansion in the Greek private sector remained strong in March, rising by 10.3 percent year-on-year (YoY), from 10.5 percent in the previous month, Bank of Greece (BoG) figures released on Tuesday showed.
Economic sentiment stable in April, consumer confidence drops by another 3 pts
Greece’s economic sentiment (ESI) was broadly stable in April at 107.4 points, from 107.7 in the previous month, according to European Commission figures released on Tuesday.